Sir Royalty Income Fund SIRZF

Primary Symbol: T.SRV.UN

Consumer Cyclical Restaurants

SIR Royalty Income Fund (the Fund) holds investment in SIR Corp (SIR). The Funds' investment, SIR is engaged in the business of owning and operating full-service restaurants in Canada. SIR has concept restaurant brands, including Jack Astor’s Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House, signature restaurant brands, such as Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose, which are used by SIR under a license agreement with SIR Royalty Limited Partnership (the Partnership. The Fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. The Fund indirectly participates in the revenues generated under the License and Royalty Agreement through its Investment in the Partnership.

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Sir Royalty Income Fund > Legality of Renegade Chicken

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Comment by lostcauseson Feb 05, 2021 9:24pm

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Post# 32491468

RE:RE:RE:RE:RE:RE:Legality of Renegade Chicken

babedinkleman wrote:

wildrunner11 wrote: I added as well but curious who was selling today, a couple of large ask orders were put in at 4.59 and a bit higher.

It's tough to say....I'm not sure there's a real urgency on Sir's part to sweeten their deal.....so after the 11th deadline of Janes offer passes and all shares are tendered that will be tendered it's quite possible the share price drops back to the high 3's low 4's while Sir watches and waits. Sir has no real reason to act before Feb 11th....if they are going to act at all.

My guess is Janes wont be near the 825k shares they want to allocate, thus supporting the price after 11 Feb by buying on the open market.

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